The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-06
MONEY FOR THE STATE.
JANUARY INTEREST ON THE STATE
DEBT PROVIDED FOR.
Three State Officials OF High Degree Re-
quest Accommodations from Mem
phis Banks. apd1t Comes as Easily
as A B CA Greet City.

'o A ~ IA fTebU ClLy.
It's a cold day when Memphis cannot
come TO the rescue OF distressed interests,
financially, morallyor physically. All the
world seems to know this and when in a
tight place turn their eyes in this direc-
ton. Without any heralding or intima-
ton OF their coming, Gov, Robert l.. Tay-
lor, Comptroller p. p. Pickard and Assist
ant State Treasurer Mausc f. House sailed
into the city yesterday morning. Secret
though their mission was, they yet had the
courage to place their real names on the
Peabody register and trust TO persistence
and good LUCK to keep the press
and public in ignorance 1t was by this
means that an APPEAL reporter became
familiar with their presence early in the
afternoon. Without even so much for
malty as tho sending up Of card he
learned the location OF room No. O, to
which the Governor had been assigned,
sought 1t out, and soon came face TO face
with the official visitor. They were not
alone, however for when it comes to gov
ernors there are those in the city who can
outtrall newspaper reporter and give
him two hours start. Tho latter indi-
yidual offsets this disadvantage by superior
staying qualities, and thus the meeting
was harmonious all around.
Governor and gentlemen of his staff,
10 what special dispcnsation OF proyi-
dence is Memphis indebted for the honor
and distinction Of this unexpected VISIT"
inquired the reporter.
"Wcll," replied the chief executive,
with beaming smile and double bareled
wink, Memphis Possesses q strange iasci-
nation Tor my associates and myself. Last
night We suddenly came together mt Nash
vile, looked about us in vain for some
thing to cheer and revive our dropping
spirits, and determined, by one common
impulse, TO swoop down upon the Queen
City OF the Southwest Nashville in a great
city, but, unless SEE and know by fort
nightly contact with her people that Men,
phis ~ on tho swim, would have the
nightmare. | learned Sunday that you
had cotton fire or two here some
time ago, thought you might stand in
need oil advice and came TO tender il. BY
the way, judge Undressing the local com
mlttee on reception and entertainment,
did you attend the meeting in honor OF
OConnor and Esmonde, Us representa-
tivcs OF Ireland? We downed you Mem
phis people in that little undertaking.
Military, artillery, brass bands, fireworks,
great multitude--all these figured in the
Nashville reception. was selected TO
make the speech of welcome on the occa.
sion Of their addresses, and said: "lf /
We're an artist, would paint Ireland"
But, Governor, why are We honorod?"
interrupted the reporter.
Come around later, and il our mission
is honorcd you'll be honored. Sce?"
The Judge looked happyand triumphant,
the reporter vanished. late in the even
ing another call was made. Col. Pickard
and Mr.. House were on hand, 80 WIS the
judge, and other members Of the informal
the Governor was not. The
mission had been honorcd, and the story
was soon told.
10 $4,000. Money with which
To meet the obligation is unavailable until
February. Thcreis nothing like prompt.
ncss In State afiains, and funds must be
had. Ergo, Memphis is the place. The
various bank presidents Of tho city, eight
In number, met the visiting OIL
rials at the State National bank
NJ 4 o'clock in the afternoon, the
matter was plainly discussed, and arrange
mcnis for the advance OF 500, 600, all that
was requested, made. II was Just after
The return Of MessS. Picard and House
rom this conference that the reporter en-.
them.
WAS there any trouble about eiIecting
The lOan?" was asked Of the former.
None whatever, and think Memphis
has more than maintained her record for
generosity There was some
doubt in our minds IA to the result Of our
all for assistance, but | rcaSured my as
'Ociaies by the statementthat could never
believe Memphis would refuse 20 aid until |
We had left the city unsuccessful. We have |
been literally accommodated by moneycd |
men and institutions oi Nashville. and |
hey were unable 10 pull us through this |
emergency. Tho Memphis banks could |
aasily have found use for all their |
Iunds In ordinary business, but mag.
CONSENTED 10 90 outside |
~ accommodate the State. II in.
sures prompt payment oi our interest
In January, henociorih and forever. The |
pcople Oi the State have reason 10 feel
rood over the financial prospects Of the
commonwealth. During the past three
years srOOO0 worth III iloaiing bonds
rave been taken up. aud all except $500.
90 Oi the deb, funded"
Assistant Treasurer House was also In
Ugh good humOr over the arrange.
nent, culogzcd Memphis aud said:
1t II the best thing that could
rave happened for the State, showing. as
does. mistaken confidence In il integ.
ity and financial condition. Some of our
securities have been selling down in the
eycntic-, but mark my prediction, In les.
han thirty days they will be 10 cents
higher"
"whAt are the terms Of the accommola-
ion2"
Nothing out Of the ordinary, and Il il
My for about sixty days At the end of
hat time we will have reimbursed the
,ank-. aud hold, besides, n surplus. The
10, necessary over the SlOl. 600 "a.
urcd will b. collected from the railroads.
II Of whom have promised Ia pay
" the 18th inst During Janu.
~ the collections will bc about
10000, and in February will aggregate
bout sliO.OOO. Therc you havoihc finan.
ial situation in nutshell Nothing alarm.
ng. YOU scc, buI, on the contrary, every.
hing Il lovely. I congratulate the people
{ Memphis, and W. all appreciate their
uhslsntal confidence"
The visitors expected 10 ptum 10 Nash
lille last night but wen taken In charge
y their friends, and will leave this morn.
ig " tonight. Gov. Taylor occupied
OK ut the theatcr last night ~ the guest
I Col Napoleon iiill.
1
A COOP REELECTION.
ohm X. speed ,Flected President OF
tho McmphH City Fire Bank.